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单选题 The special account used only in the closing process to temporarily hold the amounts of revenues and expenses before the net difference is added to (or subtracted from) the owner's capital account is the
学科：默认课程
时间：2025-09-11 23:28:25
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题目1单选题
An optional columnar working paper used to prepare a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements is a(n)A. Unadjusted trial balanceB. Adjusted trial balanceC. Work sheetD. General ledger
题目2单选题
Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $185,000, expenses of $103,700, and withdrew $18,000 from the business during the current year. The owner's capital account before closing had a balance of $297,000. The ending owner's capital balance after closing isA. $360,300B. $378,300C. $81,300D. $185,000
题目3单选题
Palmer Company is at the end of its annual accounting period. The accountant has journalized and posted all external transactions and all adjusting entries, has prepared an adjusted trial balance, and completed the financial statements. The next step in the accounting cycle isA. Prepare an unadjusted trial balanceB. Prepare a post-closing trial balanceC. Prepare a work sheetD. Close temporary accounts
题目4单选题
The special account used only in the closing process to temporarily hold the amounts of revenues and expenses before the net difference is added to (or subtracted from) the owner's capital account is theA. Contra accountB. Income Summary accountC. Nominal accountD. Closing account
题目5单选题
Which of the following accounts would be included in a post-closing trial balanceA. Depreciation Expense—EquipmentB. Salaries ExpenseC. S. Stills, WithdrawalD. Accounts Receivable
题目6单选题
On December 1, Milton Company borrowed $300,000, at 8% annual interest, from the Tennessee National Bank. Interest is paid when the loan matures one year from the issue date. What is the adjusting entry for accruing interest that Milton would need to make on December 31, the calendar year-endA. debit Interest Expense, $2,000; credit Interest Payable, $2,000B. debit Interest Payable, $2,000; credit Interest Expense, $2,000C. debit Interest Expense, $2,000; credit Cash, $2,000D. debit Interest Expense, $4,000; credit Interest Payable, $4,000
题目7单选题
Which of the following accounts could not be classified as a current liabilityA. Unearned revenuesB. Notes payable (due in 11 months)C. Current portion of long-term note payableD. Notes payable (due in 5 years)
题目8单选题
The F. Mercury, Capital account has a credit balance of $37,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000, what is the ending balance in the F. Mercury, Capital account after all closing entries are madeA. $28,000B. $35,400C. $52,400D. $43,400
题目9单选题
Which of the following accounts is not included in the calculation of net incomeA. Rent expenseB. CashC. Rent revenueD. Services revenue
题目10单选题
The following information is available for Zephyr Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Zephyr, Capital account?Net income $115,0000Zephyr, Capital 110,000Zephyr, Withdrawals 39,000A. $225,000B. $264,000C. $956,000D. $186,000
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